Life Insurance As An Asset Class

Life Insurance As An Asset Class – This month we’re talking about life insurance as an asset class. This is a great topic for the New Year as many clients and customers want to take a second look at their finances. Who doesn’t want to be financially successful in 2019?

The January 2019 Sales Roundup will help start the conversation beyond allergy protection. This is often the number one reason for buying life insurance, but many of your prospects and customers buying term policies are not well aware of the benefits of cash value policies.

Life Insurance As An Asset Class

This month, we have 45 pages of guides and resources to help you navigate life insurance as an asset class. They explain how to position a fixed-term policy with cash value and lifetime benefits as a key financial tool for retirement or to improve cash flow during retirement.

Life Insurance As An Asset Class

Need shopping ideas for January? Get in touch with your customers who have purchased term policies by phone, SMS or email. Ask if their needs have changed since they purchased the policy. If so, you can help them plan for retirement, health and long-term care and maintain (or improve) the disability protection they need.

If their needs haven’t changed, you can ask them about their future needs. Have they thought about health care costs in retirement? Is their current retirement plan giving them enough money? Otherwise, this is a good place to talk about life insurance as an asset class. Got a question you can’t answer? We are here to help.

All Insureio subscribers have access to a pre-recorded marketing campaign from January. Four emails are scheduled to be sent throughout the month. Each email has a New Year’s resolution theme, as this is a good time to use the energy many of us have since making our New Year’s resolutions. The first three emails in the series explain how life insurance has changed over time and how permanent policies can provide money later in life when needed. The final email in the series explains how Disability Income Insurance can protect your wages if you are injured or sick and unable to work.

Want to learn more about Insureio marketing programs, including how to enroll your customers and prospects? Click here for the full Insureio Academy course.

Building Diversified And Sustainable Portfolios With Non Traditional Assets: The Life Insurance Way

Check out these 5 North American webinars and 20 minutes of buying tips and tricks so you can start buying IULs now!

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Is it better to learn more about marketing or leadership? Automated processing or sales advice? Tell us in our customer survey! Consider the many challenges your clients face: saving for the future, managing investment risk, planning for property tax issues, securing financial protection in an emergency. Your services include many things.

Fee Based Insurance

What you may not be interested in discussing this topic is a smart solution that can solve two or more problems at once. The solution? Fixed life insurance is an asset class that can play a role in a client’s portfolio.

When we think of investment asset classes, we think of stocks, bonds and mutual funds. But real life insurance – like a whole life insurance policy, a universal life insurance policy that covers the life of the client – doesn’t just provide real life insurance: it’s better to return traditional securities or real securities like GICs and government bonds. .

Desired tax treatment is important – as we all know, this is a rare commodity. Once a client has accumulated savings (through RRSPs and TFSAs), there is little opportunity for tax deductions or tax savings. But if they have enough money to cover their retirement needs and are looking to protect and increase property value and minimize taxes – a permanent insurance policy can provide a big advantage. This is:

For consumers looking for a tax-deductible alternative to a low-risk bank account, term insurance is an option worth considering.

Whole Life As An Alternative In Today’s Low Interest Rate Environment

Universal life (UL) and whole life insurance are two types of permanent insurance that are used as different asset classes. Here are examples of what each of the different asset classes can do.

Nominal scores are permanent. The chart below shows the returns of the Sun Life Par fund and other investments over the past 25 years.

* Refunds are based on Sun Life account (open and closed accounts). The interest rate on the dividend grid used to determine the investment portion of the insurers’ dividends is based on the adjusted return on the assets backing the insurers’ obligations.opportunity account. Government of Canada bonds are at low cost for Statistics Canada, CANSIM series V122487. S&P/TSX Composite Index returns include fixed income.

Compared to a UL policy with the same face value and cash flow strategy ($50,000 per year for 15 years), a whole life policy may have the potential to generate higher returns over time.

Life Insurance As An Asset Class

The biggest advantage is that it is more value for money (shown in thousands below). Participating in universal policies will increase monetary values ​​for all ages.

If money is needed, a tax-free solution to cash value is to use it as collateral for a third-party loan.

The home death benefit can be higher for a life insurance policy than for a risk-free non-registered bank account.

There is no “one size fits all” investment and permanent life insurance is no different. This can provide some great benefits, but the solution needs to be tailored to your customer’s situation.

Life Insurance Premium Financing, A South Dakota Trust And The Life Insurance Trust Company

With tax-advantaged growth, income and performance outpacing any other risky asset class, a permanent insurance solution may be right for most of your clients. For more information, our white paper Life Insurance as an Asset Class takes a deeper look at using term insurance as an asset class.

**This article is for general information only. Sun Life Insurance Company of Canada (Sun Life) does not provide legal, accounting or tax advice to clients or customers. Before the client acts on the information contained in this document or recommends any action, the client should be sure to seek the advice of a qualified professional, including a thorough examination of its particular legal, accounting and tax nature. . Examples, images and information related to understanding and interpreting Sun Life

(Canada) and the laws contained therein are intended only to help explain the information contained herein and are not to be relied upon by you or the customer in any transaction. The fiscal information contained in this document is based on the provisions of this law

(Canada) and regulations March 2019. In addition, they are subject to Sun Life’s understanding and interpretation of Canada Revenue Agency (CRA) regulations and procedures.

The Top Life Insurance Trends In 2023

1 The applicant must qualify according to the lending criteria of the financial institution and consult with tax and legal experts.

Helping customers understand the benefits of UL insurance and how it can fit into their financial plans.

This article explores a way to reframe verbal interviews using the concept of human capital. It is easy to understand customers, human capital…

These six questions are often asked when helping consumers make decisions about participating in whole life (par) insurance.

Life Insurance: A Valuable Contingent Asset Class?

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This month will help start the conversation about what permanent life insurance can do for your clients. From a potential source of funding during retirement to a property that can balance the bank balance, for example, permanent policies give your clients options.

Looking for any type of agent to discuss property with? Look in your book of business for clients who have talked to you about high income or long-term financial goals. To start the conversation, ask them how their assets and liabilities would change if they lost a job or a paying family member.

Once you’ve found the suppliers you’re interested in, use the manufacturer’s guide in this kit to research them

Are You Overlooking Life Insurance As An Asset Class?

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